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20121002
20121010
Search Results 0 to 2 of about 3 (some duplicates have been removed)
all these big prices. >> reporter: california's governor jerry brown agrees it's an emergency. so he authorized an immediate switch to winter blend gasoline which can be more polluting but could soon bring down prices by 15 cents to 20 cents a gallon. relief drivers say they need. >> i had to cut back on the groceries in order to get some gas in order to get to work, get the kids to school. >> reporter: prices went up so quickly last week they sometimes seemed to change by the hour. >> in a week it's gone up about 52 cents. absolutely unprecedented from our perspective. >> reporter: the sharp rise was blamed on the supply squeeze that began after a fire shut down part of a chevron refinery in august. then a power failure knocked out an exxon refinery last week. with both refineries now back in operation, wholesale prices on the stock market have already started going down. when wholesale prices go up, the price at the pump seems to rise immediately. but when wholesale prices drop, there's usually a lag at the pump. so california drivers are likely to be paying near record high prices
to ease the strain on drivers there, california governor jerry brown taking emergency measures calling for an increase in supply and early switch to a winter blend fuel. >>> u.s. treasury markets are closed for the holiday but stock markets will be open and concerns about growth pushing u.s. stock futures down. the world bank lowered its outlook for growth in asia overnight. >>> new report today from the house intelligence committee says chinese tell communications companies huawei and zte could threaten national security in the u.s. because of their ties to the chinese government. the report says the companies have records of intellectual property violations and alleged ties to iran. it also says, quote, china has the means, opportunity and motive to use telecommunication companies for malicious purposes. they call it dangerous political distractions and they say its products are safe. >>> hugo chavez overcomes the strongest challenge to his political future to win his third term as president of venezuela. analysts says the results show chavez is weaker politically in that country. pa
Search Results 0 to 2 of about 3 (some duplicates have been removed)